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Episode 81: Building Your Investor Identity: Finding the Right Strategy for You
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In this week's episode of the "Live Life by Design" podcast, our hosts dive deep into the concept of finding your investment strategy within the real estate investment world. The discussion is framed around the idea that just as one finds their "investor ID," they must identify the market that aligns with their strengths, preferences, and financial goals. The episode touches on the importance of choosing the right strategy—whether it's flipping, holding long-term, or short-term rentals—and how different strategies will influence the criteria for selecting properties.
Our hosts share personal stories to emphasize the process of discovery in real estate investment. They also stress the importance of patience and learning from each deal, recognizing that it’s okay not to have everything figured out at the beginning. Success in real estate, they argue, comes from continual learning, adaptation, and sticking to strategies that align with one's investor identity and market preferences.
The hosts highlight how important it is to be honest with oneself about what works and doesn't work, as this clarity can significantly impact long-term success. They also emphasize the value of surrounding oneself with knowledgeable mentors and partners to learn and grow.
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